Pfeiffer Vacuum Technology AG - M&A Activity 2017

News Details

Corporate | 15 March 2017 15:00

Pfeiffer Vacuum Technology AG: Termination of offer

DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Statement

15.03.2017 / 15:00

The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Voluntary public tender offer for Pfeiffer Vacuum terminated

Asslar, March 15, 2017. The termination of the voluntary public tender offer by the Busch Group is good news for Pfeiffer Vacuum and its shareholders. In the opinion of the Pfeiffer Vacuum Management Board, the Busch Group was aiming to gain active control of Pfeiffer Vacuum without paying a customary and appropriate takeover premium. In a reasoned statement, the Management Board and Supervisory Board of Pfeiffer Vacuum therefore rejected this offer for being inadequate and advised the shareholders of Pfeiffer Vacuum to not accept the Busch Group’s offer.

Pfeiffer Vacuum will continue to pursue its successful strategy of combining organic growth in markets such as Asia and the USA with strategic acquisitions, thereby offering its shareholders attractive long-term prospects. Additionally, the company continues its announced review of further options to ensure that the shareholders participate adequately in the value creation at Pfeiffer Vacuum.

Important Note

This Press Release may contain certain future-oriented statements based on current assumptions and prognoses by the corporate management of Pfeiffer Vacuum Technology AG or of companies affiliated with Pfeiffer Vacuum Technology AG. As a result of various known and unknown risks and contingencies, as well as other factors, the actual results, financial position, development or performance of Pfeiffer Vacuum Technology AG and of the companies affiliated with Pfeiffer Vacuum Technology AG may diverge significantly from the appraisals given here. Neither Pfeiffer Vacuum Technology AG nor the companies affiliated with Pfeiffer Vacuum Technology AG accept any obligation to update such future-oriented statements and bring them into line with future events or developments.

**Contact

Pfeiffer Vacuum Technology AG**

Investor Relations

Eerik Budarz

T +49 6441 802 1346

F +49 6441 802 1365

[email protected]

About Pfeiffer Vacuum

Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of the world’s leading providers of vacuum solutions. In addition to a full range of hybrid and magnetically levitated turbopumps, the product portfolio encompasses backing pumps, measurement and analysis devices, components as well as vacuum chambers and systems. Ever since the invention of the turbopump by Pfeiffer Vacuum, the company has stood for innovative solutions and high-tech products that are used in the markets Analytics, Industry, Research & Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum is globally active today. The company employs a workforce of some 2,350 people and has more than 20 subsidiaries.

For more information, please visit www.group.pfeiffer-vacuum.com

15.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Pfeiffer Vacuum Technology AG
	Berliner Str. 43
	35614 Asslar
	Germany
Phone:	+49 6441 802-0
Fax:	+49 6441 802-1365
E-mail:	[email protected]
Internet:	www.pfeiffer-vacuum.de
ISIN:	DE0006916604
WKN:	691660
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange